This is a very good analysis.
Trying to link the $500m NPAT back to a share price estimate. The current average P/E ratio on the ASX is around 31. Not sure if it’s appropriate to apply this to PLS, but I don’t think it’s a bad indicator (and maybe conservative) given that they are an up and coming Company which will only continue to grow over the next decade.
Xero and Afterpay were 500+ PE due mainly to market sentiment and growth.
$500m NPAT x 31 = $15.5B valuation. Which is around $5.20 share price.
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Last
$2.92 |
Change
-0.060(2.01%) |
Mkt cap ! $8.789B |
Open | High | Low | Value | Volume |
$3.00 | $3.01 | $2.91 | $68.57M | 23.32M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 33426 | $2.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.93 | 27520 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 33426 | 2.920 |
33 | 390908 | 2.910 |
53 | 1097183 | 2.900 |
13 | 92815 | 2.890 |
23 | 301825 | 2.880 |
Price($) | Vol. | No. |
---|---|---|
2.930 | 27520 | 3 |
2.940 | 318826 | 17 |
2.950 | 271386 | 6 |
2.960 | 36638 | 6 |
2.970 | 125661 | 8 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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PLS (ASX) Chart |